Salt and other seasonings and spices priced at $20 in 2011 $24.90 in 2021

Salt And Other Seasonings And Spices Inflation Calculator

$

Prices for Salt And Other Seasonings And Spices, 2011-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for salt and other seasonings and spices were 24.48% higher in 2021 versus 2011 (a $4.90 difference in value).

Between 2011 and 2021: Salt and other seasonings and spices experienced an average inflation rate of 2.21% per year. This rate of change indicates significant inflation. In other words, salt and other seasonings and spices costing $20 in the year 2011 would cost $24.90 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.62% during this same period, inflation for salt and other seasonings and spices was higher.

In the year 2011: Pricing changed by 5.44%, which is significantly above the average yearly change for salt and other seasonings and spices during the 2011-2021 time period. Compared to inflation for all items in 2011 (3.16%), inflation for salt and other seasonings and spices was higher.

Price Inflation for Salt and other seasonings and spices since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2012 (5.91%), 2011 (5.44%), and 2001 (4.48%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Salt and other seasonings and spices:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI 100.000 100.077 101.608 102.400 106.992 107.854 107.000 107.431 112.054 111.915 114.802 119.141 122.161 122.820 129.500 137.159 135.794 140.703 146.541 151.571 152.003 154.260 154.931 157.222 161.207

View price changes for other categories
Houston, Texas · Detroit, Michigan · Wine at home · Alcoholic beverages · More

Buying power of $20 since 2011

Below are calculations of equivalent buying power for Salt and other seasonings and spices, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2011 $20.00 5.44%
2012 $21.18 5.91%
2013 $20.97 -0.99%
2014 $21.73 3.61%
2015 $22.63 4.15%
2016 $23.41 3.43%
2017 $23.48 0.29%
2018 $23.82 1.48%
2019 $23.93 0.44%
2020 $24.28 1.48%
2021 $24.90 2.53%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for salt and other seasonings and spices, 2011-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2011 * 2011 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Salt and other seasonings and spices was 129.500 in the year 2011 and 161.207 in 2021:

161.207 / 129.500 * $20 = $24.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2011 has the same "purchasing power" as $24.90 in 2021 (in the CPI category of Salt and other seasonings and spices).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Salt and other seasonings and spices in 1997. In addition to salt and other seasonings and spices, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.